$SPY December 10, 2024

SPY December 10, 2024

15 Minutes.

605 as expected was done.
Downtrend confirmed as long SPY is below 607 levels.

607 is 200 averages in 5 minutes and 61.8% retracement for the fall 609.07 to 604.08

This 606-607 is a level to short.

For the rise 597.28 to 609.07 61.8% retracement is 601-602 levels.

Soif 604 is broken today 599-600 is my target for today.

In daytime frame SPY took support at 9 averages.
21 average is 598 levels.

For me usually downtrend in 15 minutes until 200 averages price is above current price in 5 minutes.

We have an oscillator divergence at close.
price made LL but oscillator did not support.
So, i expect a pull back at open.